Baupost Group LLC MA Has $99.35 Million Position in GDS Holdings $GDS

Baupost Group LLC MA decreased its position in shares of GDS Holdings (NASDAQ:GDS) by 23.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,249,952 shares of the company’s stock after selling 1,000,000 shares during the quarter. GDS makes up approximately 2.4% of Baupost Group LLC MA’s holdings, making the stock its 14th largest holding. Baupost Group LLC MA owned about 1.71% of GDS worth $99,351,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of GDS. Brooklyn Investment Group raised its position in shares of GDS by 2,390.0% during the first quarter. Brooklyn Investment Group now owns 996 shares of the company’s stock worth $25,000 after acquiring an additional 956 shares during the last quarter. Advisors Asset Management Inc. acquired a new stake in GDS in the first quarter worth about $25,000. NewEdge Advisors LLC bought a new stake in GDS during the 1st quarter worth about $25,000. Summit Securities Group LLC bought a new stake in GDS during the 1st quarter worth about $26,000. Finally, Huntington National Bank lifted its position in GDS by 83,700.0% during the 2nd quarter. Huntington National Bank now owns 838 shares of the company’s stock valued at $26,000 after purchasing an additional 837 shares during the period. 33.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GDS. Raymond James Financial reissued a “strong-buy” rating on shares of GDS in a research note on Monday. Macquarie set a $46.70 target price on shares of GDS in a report on Thursday, November 6th. Bank of America increased their price target on GDS from $47.60 to $50.60 and gave the company a “buy” rating in a research note on Friday, August 22nd. TD Cowen reduced their price target on GDS from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Finally, JMP Securities upped their price objective on GDS from $40.00 to $50.00 and gave the company a “market outperform” rating in a report on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, GDS currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.70.

GDS Trading Up 4.2%

Shares of NASDAQ GDS opened at $35.21 on Friday. GDS Holdings has a twelve month low of $16.92 and a twelve month high of $52.50. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 8.82 and a beta of 0.35. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 1.65. The company’s fifty day moving average is $34.51 and its 200-day moving average is $33.30.

GDS (NASDAQ:GDS) last issued its quarterly earnings data on Wednesday, November 19th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.51. The business had revenue of $405.28 million for the quarter, compared to the consensus estimate of $402.81 million. GDS had a return on equity of 5.17% and a net margin of 49.60%.The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.14) EPS. Equities research analysts predict that GDS Holdings will post -0.89 EPS for the current year.

About GDS

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.